In addition to announcing its selection of the Avidyne FlightMax Entegra for its two-seat Javelin “executive jet," Aviation Technology Group of Englewood, Colo., reported receiving letters of intent from three possible distributors on its way to convert from direct factory sales to a national distributor network. The company intends to have six distributors in the U.S. and one each in Canada and Mexico.
In a unique approach to corporate transportation, Englewood, Colo.-based Aviation Technology Group (ATG) has introduced a two-place executive jet called the Javelin, a full-scale mockup of which can be seen at Booth No. 1421.
The company has already accepted more than a dozen $25,000 refundable deposits–at least two here at NBAA ’02–for the $2.2 million aircraft. First deliveries are scheduled for the last quarter of 2005.
The twin-engine military-style ATG Javelin might yet survive. According to a statement from the ATG board of directors early last month, the company “has continued to engage in negotiations with its strategic partner and various financial institutions.
Since suspending the development of the Javelin very light jet program in late December, the board of directors at Aviation Technology Group has continued “to engage in negotiations with its strategic partner and various financial institutions,” the company said in a statement released late this afternoon.
Aviation Technology Group (ATG) of Englewood, Colo., laid off 40 of its 50 employees on December 17 and announced a day later that it has halted development of its two-seat Javelin very light twinjet, citing lack of funding.
ATG’s Javelin program has entered a challenging period, a time when the company is ready to move forward with the program but does not have the resources to do so. “ATG has been diligently working behind the scenes to secure funding to sustain the Javelin development program through FAA certification,” the company said, and it has hired Citigroup to help secure private-equity funding.
Personal jets, mini-jets, ultra-light jets, very light jets. The category has many names and now many contenders. But no company has yet brought a very light business jet to certification and production. Several programs that have been displayed over the years at past NBAA conventions, such as the Alberta Phoenix FanJet and Century Aerospace Century Jet, are now “on the shelf” and may stay there forever.
Englewood, Colo.-based Aviation Technology Group announced last month it had selected Albuquerque, N.M., as the manufacturing site for the two-seat, Williams FJ33-powered Javelin. The selection followed the approval by the New Mexico Investment Council of a “significant investment” in ATG at a meeting on January 20. The state’s Private Equity Committee had earlier recommended the investment to the council.
Aviation Technology Group (ATG) is expecting to receive FAA certification and begin customer deliveries of the Javelin two-seat jet next year. The company recently moved its hangar operations from Colorado’s Centennial Airport to Front Range Airport, where manufacturing and flight operations are located. The company’s headquarters remain at Centennial.
Aviation Technology Group’s Javelin very light jet (VLJ) prototype flew for the first time last Friday. ATG markets the ejection-seat-equipped, two-place aircraft as a military trainer as well as a business jet. During the 35-minute mission from Centennial Airport, Colo., test pilots flew the prototype to 12,000 feet and 180 knots with its gear down.
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